U.S. stock market suffers worst week since 2008 financial crisis

[Semosuchi Tesongrato]

Sometimes I have the impression that the collapse of the crypto coins has been provoked only to give the economic newspapers something "sensational" to talk about, so as not to have to deal with the problems of the "real" economy that appear every day more serious. .

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[pabpete]

And this is very good news for all cryptocurrency supporters. When the bust on the stock markets in the US begins, certainly a large part of investors will transfer their funds to cryptocurrencies.

[Bitcoin_Arena]

I have been following stock market... it hasn't really been doing good lately. But let such a thing happen to bitcoin and other cryptos,then you will here trolls and low lives here and there preaching how it's the end of road for crypto.

[Harlot]

A proof that the cryptocurrency market is not the only market in peril. This news sources we have always makes it look like that we are the only ones who are experiencing a significant loss in growth when the truth is all the market is somehow affected by this recession. For all the people saying that BTC or even the crypto market is dead this is an eye-opener for you as you always need to think first before you do any kind of action sometimes its not always within the industry that is having a problem.

[1Referee]

I have been following stock market... it hasn't really been doing good lately. But let such a thing happen to bitcoin and other cryptos,then you will here trolls and low lives here and there preaching how it's the end of road for crypto.

I'm not even sure why people expect it to continuously do well? Markets are very similar in nature. If they are unreasonably bought up and fueled by certain stimulating measures from the side of the government, which definitely applies to what's happening in the US, the market will eventually lose steam and correct. In case of the US stock market, it could very well end up being a correction taking many years to bottom out.

Crypto in that regard is a much easier market to work with. Yes, the movements up and down are extreme, but time flies here and that's what makes this market so interesting to invest in from an investor's perspective. The stock market would probably need close to a decade to go from $20,000 to $3000 while we did it in a matter of 11-12 months.

[berrehili]

We were in a global bull market because we had too much "fiat money" in the markets, after massively investing in real estate they had to pour the money somewhere else, so they created a self-fulfilling situation where the more they invested the more companies' value increased which drove retail investors in the market too...

Now, the retail investor is losing his feathers after all the institutional ones took the gains...

Basically, get ready for a 2-3 years bear market.

[exstasie]

I have been following stock market... it hasn't really been doing good lately. But let such a thing happen to bitcoin and other cryptos,then you will here trolls and low lives here and there preaching how it's the end of road for crypto.

I'm not even sure why people expect it to continuously do well?

Because of the historical trend. It's sort of like Bitcoin in that way. It was sensible to keep betting the trend since it's sustained for years and years. Betting against the stock market has usually been the dangerous/gambler move.

But like Bitcoin, indiscriminately buying the dip and holding will always eventually bite you in the ass and force you to eat major losses or hold for years to get back above water.

[nicster551]

- Dow Jones Industrial Average down nearly 7%, a biggest weekly drop since 2008
- S&P 500 falls 7% for the week, worst since 2011
- Nasdaq closes in a bear market



Reference: https://twitter.com/CGTNOfficial/status/1076261272918810625

Then probably it is their time to go down for now, and like other things it most go up again in time and we just have to wait for it.